Banknifty trade Setup for 18.08.22 with Intraday levels
Good consolidation with up move in the second half after making a cup and a holder pattern. But if we look at US markets right now, they seem to be in deep red and the reason behind this is likely to be the UK inflation data which is worse than the estimates. Thought Dow is trading above VWAP it is still in red given the gap down opening. This scenario, where even a monkey with a demat account is sitting Long, might become problematic in case of a gap down opening. The problem would be more complicated as most people have carried this expiry options rather next expiry. So the reaction can be a bit violent if the gap up is a decent one. In case of a massive gap down below 39287, people would actually hold their positions coz that is a buying zone. Over all, market would open with a bearish sentiment, but if the up move catches fire, it is likely to continue. There are only two significant resistance till 40000 placed at 39674 and 39947
Conviction bullish
Bias bearish (inflation data driven)
Trading Ideas
Long above 39450 Target 39700-800
Short below 39094 Target 38800
>>Option buying
Long Position: Buy 39500 CE
Short position: Buy 39000 PE
>>Option Selling
Sell 39000PE and 40000 CE with SL of 20 points
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Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
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No advice
No recommendation
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This channel do not provide any tips/recommendations/advice
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Conviction bullish
Bias bearish (inflation data driven)
Trading Ideas
Long above 39450 Target 39700-800
Short below 39094 Target 38800
>>Option buying
Long Position: Buy 39500 CE
Short position: Buy 39000 PE
>>Option Selling
Sell 39000PE and 40000 CE with SL of 20 points
-------------------------------------------
Standard Disclaimer
Trading stocks, options and other securities involves risk.
The risk of loss in trading securities can be substantial.
The risk involved with trading stocks, options and other securities are not suitable for all investors.
The information presented in this educational material is not intended to be
used as the sole basis of any investment decisions, nor should it be construed
as advice designed to meet the investment needs of any particular investor.
Nothing in this course constitutes legal, accounting or tax advice, or
individually tailored investment advice.
WE ARE NOT RESPONSIBLE FOR ANY GAINS OR LOSSES YOU MAKE.
WE ARE NOT SEBI REGISTERED.
*SEBI Mandatory Guidelines*
*Channel Disclaimer/ disclosure*
No tips
No advice
No recommendation
No PMS advisory
This channel do not provide any tips/recommendations/advice
All updates/posts/discussions are only for education and learning purpose.
Do Consult your financial advisor before taking trading or investing decisions
Group Admin or Members not responsible for any financial losses
Disclaimer/disclosure/terms and conditions applicable to all members of this channel
All rights are reserved
